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To date, the relatively high cost of batteries has kept electric and plug-in vehicles at the fringes of the autoindustry. Waters worked on the battery for the General Motors EV1 and also worked at Ener1, which makes lithium-ion batteries. Many of the other executives have years of experience in the auto business.
In addition to a recent electric car deal with NISSAN Motors ( NSANY ), Portland General Electric, the Oregon state governor and GE have also announced a joint venture with Mitsubishi Motors ( MMTOF.PK ) to develop and sell the Miev electric car with 85 mile range by 2011. By 2011 look for a larger THINK Ox. a subsidiary of Ener1 Inc.
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